The globally leading cryptocurrency trading platform Gate officially launched the subscription activity for Launchpad Phase 4 project Plasma (XPL) on September 23 at 21:30. This subscription will last until September 25 at 18:00 (UTC+8).
Unlike in the past, this subscription exclusively introduces GUSD as the only subscription asset for the first time, providing users with a "dual benefit" experience of enjoying stable returns while locking in new coins.
01 Innovative Mechanism: How GUSD Achieves Dual Returns
The main highlight of this Launchpad is the comprehensive introduction of GUSD. GUSD is a financial certificate backed by real-world assets (RWA) such as U.S. Treasury bonds, providing users with a new low-risk and stable-income investment channel.
Users can enjoy an annualized yield of 4.4% by minting GUSD with USDT or USDC at a 1:1 ratio. This yield comes from the interest on underlying assets (such as U.S. Treasury bonds) and part of the income from the Gate ecosystem.
When participating in the XPL subscription, users can not only subscribe to Plasma tokens at a price of 0.35 GUSD but also continue to enjoy GUSD yield rewards during the subscription period. This means that while users’ funds are involved in a new subscription with high risks and high returns, they can still maintain a stable flow of income.
Gate platform data shows that the introduction of GUSD makes the potential annualized income for participating in Launchpad subscriptions expected to reach 24.16%, which redefines the value proposition of new coin subscriptions.
02 Plasma Project Outlook: Focused on a High-Performance Public Chain for the Stablecoin Ecosystem
Plasma, as a high-performance Layer 1 blockchain project focused on the stablecoin ecosystem, aims to provide zero-fee USDT transfers, customizable Gas tokens, and convenient crypto payment features for the stablecoin market.
The project is scheduled to launch the XPL/USDT trading pair on the Gate platform on September 25 at 21:00 (UTC+8).
The Plasma team announced that after the launch of the mainnet Beta version, an additional 25 million XPL tokens will be issued as rewards for early users. Even more notably, on the first day of Plasma’s launch, stablecoins worth 2 billion USD will be put into use, and this capital will be deployed across more than 100 DeFi partner platforms.
Including well-known protocols such as Aave, Ethena, Fluid, and Euler, providing instant utility support for the XPL ecosystem: value-preserving savings, deep USD markets, and the industry’s lowest USD lending rates.
03 Subscription Mechanism: Fairness and Transparency Coexist with Incentives
This Launchpad session offers a total quota of 3,000,000 XPL for user subscription. Gate has adopted a distribution mechanism that balances broad participation and rewards loyal users.
The final number of tokens obtained by the user will be determined based on the proportion of their GUSD investment to the total subscription funds. At the same time, the platform will use the total spot and contract trading volume of users from August 24, 00:00 to September 25, 16:00 (UTC+8) as a grading basis; the higher the trading volume, the higher the subscription limit.
This mechanism not only ensures participation opportunities for ordinary users but also provides higher activity traders with more possibilities to acquire shares.
After the subscription ends, the system will complete the unified distribution of tokens within two hours, without the need for manual operation by the user. If the user fails to subscribe successfully, the funds will be returned to the original account within 4 hours after the subscription ends.
04 The Evolution and Industry Position of Gate Launchpad
Gate Launchpad, as an innovative token issuance platform launched by Gate, aims to create new opportunities for users to participate in high-potential cryptocurrency projects. Since its launch, it has successfully completed multiple projects, all of which have achieved significant results.
Previously, the Pump.Fun (PUMP) project achieved a total subscription amount of 2,500,000,000 PUMP on the Gate Launchpad, demonstrating the strong demand in the market for quality projects on the platform. The first subscription of Puffverse (PFVS) attracted over 35,000 participants, with a total subscription amount nearing 657 million USDT, oversubscribed by 938 times, becoming a phenomenal case in the market.
The integration of GUSD in the Launchpad is another innovative breakthrough by Gate in the "asset yield + new coin subscription" sector. Currently, the on-chain supply of Gate GUSD has surpassed 171 million and is widely used in Gate’s spot, Earn wealth management, and Launchpool products.
The Gate platform, as a cryptocurrency trading platform that has been operating steadily for 12 years, has a wealth management asset scale of over 4 billion USD, providing a solid guarantee for the stable operation of GUSD. In the first quarter of 2025, the total value of the platform’s reserves exceeded 10.328 billion USD, with a reserve ratio of 128.58%, further enhancing user confidence.
Future Outlook
With the continuous development of the crypto market, innovation has become the core focus of platform competition. Gate has created a brand new participation model through the application of GUSD in the Launchpad: a dual gain experience of "subscription + yield."
In the future, Gate plans to gradually open up more functions such as contract trading, leveraged lending, trading bots, copy trading, flash exchange, fixed investment, Launchpad, and CandyDrop, further expanding the boundaries of user value.
For users looking to participate in early investments in crypto projects while not wanting to give up the stable returns on their assets, the current project on Gate Launchpad undoubtedly provides a win-win solution.
